GDF SUEZ has invested in a thermal power project in Andhra Pradesh, India, in which the Group has a 74% equity share, with Meenakshi Energy and Infrastructure Holdings (the seller) retaining 26%. The Meenakshi project comprises 300 MW of operational capacity and 700 MW under construction. This initial project in India is in line with the Group’s strategy of investing in fast growing markets and gives the Group an entry point into the Indian power sector through an economically attractive State.
GDF SUEZ is already active in the Indian gas sector, through a 10% share as strategic partner and shareholder in Petronet, the LNG importer and terminal operator. GDF SUEZ is also currently developing with GAIL a floating LNG regasification terminal with a capacity of 3.5 Mt/year, located in Kakinada, in the state of Andhra Pradesh. Through Tractebel Engineering, the company recently acquired Cethar Consulting Engineers, which provides support to the Meenakshi project.
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